Electric Industries Company announces that it has received a letter from one of its major shareholders regarding the transfer of part of its shares to affiliated companies

EICTadawulJuly 23, 2026View on exchange

AI Summary

AJDA Industrial Services Company, a major shareholder owning 18.75% of Electrical Industries Company, transferred 42,184,504 shares to investment portfolios of its affiliated companies.
The transfer is part of an internal reorganization of the shareholder's ownership structure.
The transaction has resulted in a change to the major shareholder’s listed percentage on the Tadawul website.

Element List	Explanation
Announcement Detail	Electrical Industries Company announces that today, Thursday, 23-07-2026, it has received a letter from AJDA Industrial Services Company (“the Shareholder”), one of the major shareholders who owns 18.75% of its shares, stating that it has transferred 42,184,504 share from its holdings to investment portfolios of affiliated companies owned by the same shareholder. This action is part of reorganizing the internal ownership structure. Accordingly, the aforementioned transfer has resulted in a change in the shareholding percentage of a major shareholder in Electrical Industries Company on Tadawul website.

Element List

Explanation

Announcement Detail

Electrical Industries Company announces that today, Thursday, 23-07-2026, it has received a letter from AJDA Industrial Services Company (“the Shareholder”), one of the major shareholders who owns 18.75% of its shares, stating that it has transferred 42,184,504 share from its holdings to investment portfolios of affiliated companies owned by the same shareholder. This action is part of reorganizing the internal ownership structure.

Accordingly, the aforementioned transfer has resulted in a change in the shareholding percentage of a major shareholder in Electrical Industries Company on Tadawul website.